JCPenney Wants to Go Back to the Bad Old Days

This transcript has been automatically generated and may not be 100% accurate.

... the the ... three stocks at C C Penney of the report after the bell today that's Avici beat the struggling retailer that has been to this ... up for quite some time now ... you know that the company ... guided down last month they basically ... said you know they were going backward so the the the unkind expects limit the kitchen sink quarter here where basically ... you know it's can eat that and it's Guinea that I think what investors are looking for is what's going happen next what is the outlook for this country they've ... brought back the motions the prospect of discounts that ... the former CEO Jon Ron Johnson has done away with so ... can the company ... we have a column today in that had to take on the paper sign the chemical vehicle back to the battle these two dozen eleven is the battle these would actually be an improvement from what's happened passes says ... it I think I must say that is struggling ... with us today on its list of the Dow component the tech bellwether reported results yesterday after the bell ... on the stock but the results were low but that isn't sustained the stock is about eight percent rate now ... in pre market trading so that will give the with the little bit of a lift to the Dow ... and I it's it's so more good news in the tech sector which ... you know concerned the market moves on the market's record run is that the technology sector has actually struggle the will to compare to the broader market so it's more good news and tech fund is is a welcome sign him to invest in Tesla stock that has been no tried out I love that any of the stock market darling over the past week I picked this stock is just an unbelievable Swatch heavy trading blind spot this award ... and ... people are to me it's it's a subtle impact is yet to come to report its first ever quarterly profit last week that's a good sign but there was a heavy short interest in the stock ... heading into those results ... and now lot of those sorts of been squeezed out of their positions ... so that is also fueling the run diversity the stock market cap is around ten billion at this point ... the stock is now up on it ... they analysis of stock offering last night the CEO is also buying shares ... so ... there's a lot going on the ten engines and